ELEVENT TECHNICS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ELEVENT TECHNICS
Largest movements
- Cash +€15,530
new in 2025: €15,530
mainly Net result for the year (+€18,980) and Short-term financial debts (+€5,824)
- Stocks and contracts +€6,322
up €6,322 (+35.0%), from €18,044 to €24,367
of which Stocks: +€7,906
- Deferred charges and accrued income -€4,417
down €4,417 (-87.4%), from €5,053 to €635
- Tangible fixed assets +€2,281
up €2,281 (+115.9%), from €1,969 to €4,250
of which Other tangible fixed assets: +€4,004
- Receivables within one year -€1,000
down €1,000 (-10.6%), from €9,447 to €8,446
of which Trade receivables: -€2,587
- Reserves +€18,980
up €18,980 (+9259.2%), from €205 to €19,185
- Short-term financial debts +€5,824
up €5,824 (+48.4%), from €12,036 to €17,860
- Trade debts -€5,218
down €5,218 (-60.5%), from €8,623 to €3,405
- Other debts -€1,013
down €1,013 (-13.3%), from €7,614 to €6,601
- Gross operating margin +€37,969
up €37,969, from -€11,955 to €26,014
- Financial charges +€1,580
up €1,580 (+173.8%), from €909 to €2,490
- Taxes +€1,134
new in 2025: €1,134
- Other operating charges +€502
up €502 (+48.2%), from €1,040 to €1,541
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,513 | €53,229 | +€18,716 | +54.2% |
| Fixed assets | 21/28 | €1,969 | €4,250 | +€2,281 | +115.9% |
| Tangible fixed assets | 22/27 | €1,969 | €4,250 | +€2,281 | +115.9% |
| Furniture and vehicles | 24 | €1,969 | €246 | -€1,723 | -87.5% |
| Other tangible fixed assets | 26 | - | €4,004 | +€4,004 | |
| Current assets | 29/58 | €32,544 | €48,979 | +€16,435 | +50.5% |
| Stocks and contracts in progress | 3 | €18,044 | €24,367 | +€6,322 | +35.0% |
| Stocks | 30/36 | €10,984 | €18,889 | +€7,906 | +72.0% |
| Contracts in progress | 37 | €7,060 | €5,477 | -€1,583 | -22.4% |
| Amounts receivable within one year | 40/41 | €9,447 | €8,446 | -€1,000 | -10.6% |
| Trade receivables | 40 | €9,242 | €6,655 | -€2,587 | -28.0% |
| Other amounts receivable | 41 | €205 | €1,791 | +€1,586 | +773.8% |
| Cash at bank and in hand | 54/58 | - | €15,530 | +€15,530 | |
| Deferred charges and accrued income | 490/1 | €5,053 | €635 | -€4,417 | -87.4% |
| Total equity and liabilities | 10/49 | €34,513 | €53,229 | +€18,716 | +54.2% |
| Equity | 10/15 | €2,205 | €21,185 | +€18,980 | +860.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €205 | €19,185 | +€18,980 | +9259.2% |
| Distributable reserves | 133 | €205 | €19,185 | +€18,980 | +9259.2% |
| Amounts payable | 17/49 | €32,308 | €32,043 | -€264 | -0.8% |
| Amounts payable within one year | 42/48 | €32,308 | €32,043 | -€264 | -0.8% |
| Financial debts | 43 | €12,036 | €17,860 | +€5,824 | +48.4% |
| Credit institutions | 430/8 | €12,036 | €17,860 | +€5,824 | +48.4% |
| Trade debts | 44 | €8,623 | €3,405 | -€5,218 | -60.5% |
| Suppliers | 440/4 | €8,623 | €3,405 | -€5,218 | -60.5% |
| Taxes, remuneration and social security | 45 | €4,035 | €4,177 | +€143 | +3.5% |
| Taxes | 450/3 | €4,035 | €1,308 | -€2,727 | -67.6% |
| Remuneration and social security | 454/9 | - | €2,870 | +€2,870 | |
| Other amounts payable | 47/48 | €7,614 | €6,601 | -€1,013 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,723 | €1,869 | +€146 | +8.4% |
| Other operating charges | 640/8 | €1,040 | €1,541 | +€502 | +48.2% |
| Gross operating margin | 9900 | -€11,955 | €26,014 | +€37,969 | |
| Operating profit (loss) | 9901 | -€14,718 | €22,604 | +€37,322 | |
| Financial charges | 65/66B | €909 | €2,490 | +€1,580 | +173.8% |
| Recurring financial charges | 65 | €909 | €2,490 | +€1,580 | +173.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,628 | €20,114 | +€35,742 | |
| Income taxes | 67/77 | - | €1,134 | +€1,134 | |
| Profit (loss) for the period | 9904 | -€15,628 | €18,980 | +€34,608 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,628 | €18,980 | +€34,608 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.